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Podcast: Luxury Retailer Nick Linca Drops Into ‘The Barb Wire’

Florida retailer has perfected the concept of the jewelry store as “third place” for his customers.

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THE BARB WIRE EPISODE 6: NICK LINCA (53:27 MINUTES)


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THIS MONTH, the Barb Wire welcomes innovative jeweler Nick Linca, a managing partner with Provident Jewelry, a seven-store jewelry retailer.

The business launched 25 years ago as a jeweler specializing in estate goods. However, in 2008, it moved in a new direction by opening a luxurious, state-of-the-art store in Jupiter, FL selling higher-end branded goods.

Linca, who had been a manager at Zale in the late 1990s and a sales manager at Hamilton Jewelers from 2000 to 2008, was brought on to lead the launch of Provdent Jewelry’s new Jupiter business.

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Over the past 11 years, the group’s Jupiter location has achieved status of one of the country’s most impressive jewelry stores, selling brands like Baume-et-Mercier, Bell & Ross, Breitling, Carl F. Bucherer, Cartier, Chopard and more, while featuring luxurious amenities like a fully stocked bar and cigar bar for customers.

Chatting with Barbara, Nick talks about the background of the business (2:00), and the importance of opening a store around the right people rather than the other way around (4:00). He discusses the mindset in opening the Jupiter store of creating a “third place” for customers, a la Starbucks — a place that is not work and is not home (6:45). Barbara raves about the opulence of the drink bar and cigar bar at the Jupiter store (8:50).

Nick loves that his customers can finish a round of golf, then invite a friend over for a post-round drink and cigar at the jewelry store (10:30). He shares how the team at Provident likes to “blow it out” and have fun with store events, including an upcoming “Bubbles and Bling” party (14:20).

Barbara and Nick discuss Provident Jewelry’s wide-ranging charity activities (14:30), including dog adoptions. And Nick shares the reasons why, over time, he has connected so much with independent watch brands (18:50) over time.

One reason is loyalty. After a 2011 robbery in which Provident Jewelry lost more than $15 million in inventory, and were uncertain to survive. During that stressful period, Nick saw how some brands acted like partners, and others didn’t (20:30).

Watch discussion continues with Nick sharing how he used FaceTime to make direct sales to customers of newly released watches while in Basel (24:00). He also tells a story of an extremely unusual trade-in he received on a high-end watch recently (31:30).

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In the later portion of the podcast, Barbara asks her regular series of standard regular questions. In this section, Nick shares his dream industry dinner partner (33:50), refers to his 65-year-old clients as “millennials” (35:20); tells of the useful people skill inherited from his father that helps him (38:00); identifies his biggest fan (38:40); and shares his favorite four-letter industry word, which we think could become yours as well (40:10).

He shares his favorite trade event (41:00), and talks of a few shockingly extravagant parties he has attended at this event over the years, as well as revealing the details of a fiendishly brilliant prank played with a chili pepper on a member of his travel party (44:10).

Barbara Palumbo is a watch and jewelry industry writer, journalist and speaker. She manages the blogging websites Adornmentality.com and Whatsonherwrist.com.

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The Barb Wire

Podcast: Craig Husar Discusses His Career, and His Spectacular New Store, on ‘The Barb Wire’

Retailer says of his new location: “This was my destiny, to be here and nothing was going to stop me.”

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The BARB WIRE (EPISODE 8): CRAIG HUSAR (50:04 MINUTES)


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WATCH COLLECTORS, vintage jewelry, adventures in treasure hunting, and a showplace new store are on the agenda when jeweler Craig Husar steps into the Barb Wire this month. Husar is the owner and self-titled “Chief Romance Officer” at Craig Husar Fine Diamonds & Jewelry Designs in Brookfield, WI.

Barbara notes that Husar is her first podcast guest she hadn’t previously met in person, then tells the photogenic owner she thinks he should be in a Crest toothpaste commercial (2:30).

The conversation quickly turns to Husar’s spectacular new store (9:30), which opened in January during the week of the polar vortex in Milwaukee. (Spoiler alert: it was extremely cold.)

Husar had decided to move from his long-standing store site when he saw an available location opposite a major new free-standing outdoor lifestyle center in his community. Says the owner about the difficult store-creation process: “I was relentless. I’ve never been so focused and passionate about making something happen in my life. And it was that passion, that drive, that led me here. It was almost like, knowing somehow, that this was my destiny, to be here and nothing was going to stop me.”

The two discuss key features of the new store, including its monumental chandelier, called “the Star of Husar”, which features almost 3,000 Swarovski crystals (13:35). Since the store’s opening, the chandelier has become a focus of selfie-taking in and around the store.

The two discuss last month’s Las Vegas jewelry shows, with special praise given to the Antique Jewelry and Watch Show at the Collective (20:20). Says Husar: “I walked out, and wanted to sell everything I currently have, make it all go away, and start over with all vintage and antique jewelry.” He adds that he is currently developing the vintage and pre-owned part of his business as a new profit center (20:50).

Husar also discusses his previous jobs — including work with legendary treasure hunter Mel Fisher (23:40), with whom he worked on a dive site (a sunken Spanish galleon with valuables worth an estimated $500 million) off the Florida Keys. Around that time, he did a tour of jewelry stores to show off a 90-carat emerald found at the wreck. Barbara doesn’t remember, but then she does remember … mostly because of a specific hairstyle Husar wore at the time.

Husar shares his thoughts on lab-grown diamonds (29:10), and provides a useful analogy retailers can try on customers choosing between naturally-mined and lab-grown diamonds (31:10).

In the closing segment of the show, Husar shares his preferred industry dinner partner (35:50), role model (38:50), favorite jewelry industry word (40:00), and the one accessory that he simply can’t do without (43:25).

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The Barb Wire

Podcast: Doug Hucker Discusses His Colorful Life on ‘The Barb Wire’

One of the biggest names in colored gemstones talks with Barbara Palumbo.

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The BARB WIRE (EPISODE 7): DOUG HUCKER (57:02 MINUTES)


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COLORED GEMSTONES and their increasing popularity with younger buyers are the key topics when Doug Hucker, long-time CEO of the American Gem Trade Association (AGTA) is interviewed by host Barbara Palumbo on this month’s The Barb Wire.

Doug starts off by talking about how entered the jewelry business (4:10). His background: after he graduated university, he worked at a newspaper as a writer and photographer. Wanting to leave his hometown, Doug moved to California and started taking pictures of gemstones for the Gemological Institute of America. He ended up spending 10 years at GIA, mostly teaching classes. It was during this period that he really fell in love with gemstones, he shares. “As you know, the more you know about something, the more education you get, the easier it is to fall in love with it,” he says. “Sweaty palms and shortness of breath, I realized that I love gemstones.”

Did he ever work in retail, Barbara asks (9:30). “No comment,” jokes Doug. He clarifies by saying that, in order to provide some context to the work he was doing for GIA, he took an upaid job with a California jewelry retailer on weekends for a period. “You have to have familiarity with retail, or you can’t understand the full picture of this industry,” he explains.

Doug talks about his eventual move to the leadership of AGTA (13:05) in 1997. Before accepting the role, he was worried about having no previous experience leading an association. But, in the end, he feels AGTA turned out to be a perfect fit for him. “It’s been a fantastic career for me,” Doug says, “because I feel I was able to work with fantastic people, in a great industry, and in some ways, I was able to contribute to making the industry better.”

Barbara says she can’t remember, or imagine, the AGTA without Doug. “If the AGTA had money,” she jokes, “your face would be on the currency.”

Doug talks about the importance of volunteers and their contribution to AGTA’s success (17:05), and applauds their passion for colored gemstones.

Next, Barbara and Doug talk about the increasing popularity of colored gemstones with younger buyers (20:10). Barbara notes that, when her group of female friends was in their 20s and starting to get married, competition for the biggest engagement diamond was intense. “You wanted to be the last one to get engaged, because you knew then you could get the biggest diamond,” she says. These days, both Barbara and Doug agree, going for the biggest possible diamond is no longer an automatic choice for younger women who are getting engaged.

One overlooked factor in the rise of colored gemstones amongst younger buyers, according to Doug, is social media (22:50). “Since you have such a visual, colorful world, and you have the technology you have today, it’s perfect for colored gemstones,” he says. “Look at Instagram and Pinterest and all these different platforms where you can see all these pictures of magnificent gemstones and learn the stories, that experience and that story is very important to young people. And it’s very important that we have young people involved.”

Doug and Barbara then talk about the importance of inspiring younger industry members to join industry groups like the AGTA and AGS, as a key factor in helping them to build passion for colored gemstones (25:40).

Another topic of discussion is the AGTA’s move into this year’s big new Las Vegas event, The Collective, at the Las Vegas Convention Center (32:05). AGTA is co-hosting the event along with the Las Vegas Antique Jewelry & Watch Show and Premier. Doug notes that he is proud of the opportunity that the new event provides for younger, upcoming designers, especially at the jewelry-focused Premier show.

Also mentioned are a few special initiatives Collective partners have launched for the show, including vouchers for free Uber rides to and from the event.

Doug shares his favorite gemstone (41:40) as well as his close second place. He then picks a jewelry business figure, alive or dead, he’d most like to have dinner with (43:00). (“Dead is better because you don’t offend anyone who is living,” Doug astutely notes, before sharing his choice.) He then talks about his biggest influence and his biggest fan.

Doug then shares his favorite four-letter industry-related word (50:10). “I think Vegas was betting on that one,” Barbara says, after he reveals his choice.

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The Barb Wire

Podcast: Millennial Gem Trader Dave Bindra Steps Into ‘The Barb Wire’

Meet the gem expert and owner of one of the industry’s coolest Instagram accounts.

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THE BARB WIRE EPISODE 5: DAVE BINDRA (50:27 MINUTES)


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THIS MONTH on The Barb Wire, host Barbara Palumbo welcomes a rising star in the jewelry business, gem trader Dave Bindra, vice-president of B&B Fine Gems. Still in his early 30s, Bindra has built up an impressive resume, serving as president of the Los Angeles chapter of the GIA Alumni Association, member of the board of directors of the Jewelers Vigilance Committee, acclaimed AGS Conclave speaker, not to mention running a seriously cool Instagram account @gemfluencer. (Come for the awesome collection of gemstones, stay for the awesome collection of color-coordinated shoes.)

Enjoy the newest episode of The Barb Wire. It’s talk radio for the jewelry business.


SHOW CHRONOLOGY
  • 2:00 Dave shares a short bio, explaining how he was “born into the business” when his father started selling gemstones after immigrating from India to the United States.
  • 3:50 Dave, who is in his early 30s, was asked recently how many years he has been going to the Tucson gem shows. He said he thought it was his 29th year. Receiving a shocked expression from his conversation partner, he explained that he used to “sleep under the showcases” as a kid while his parents sold gems at the show.
  • 5:10 Dave talks about his strategy of colored gemstone curation. He emphasizes: “We are not here to sell a commodity; we are here to sell a precious item.”
  • 8:30 Barbara reveals herself to be a huge fan of Dave’s Instagram account, @gemfluencer.
  • 9:20 Gemstone of the moment? Dave says spinel, noting that it has been “undervalued for centuries” and often misidentified as ruby in high jewelry through the ages.
  • 15:20 Other gemstones whose moment is on the horizon? Dave says garnet, which is following spinel’s path. Durable, highly transparent, a solid supply of material. Also, paraiba tourmaline.
  • 19:50 Discussing the lack of control over gemstone terminology, Barbara shares a funny story from her teenage years of how a QVC line of cubic zirconia with the alluring name of “Pink Ice”, became a phenomenon amongst the girls of her high school class.
  • 26:20 Barbara asks Dave what he feels the most important thing that his generation has added to the jewelry business. Dave says technology. He tells of his industry friends who, within a few years, have built social media followings in the hundreds of thousands. In a lot of cases, Dave emphasizes, these are people who wouldn’t otherwise have had exposure to the world of gems, jewelry and watches.
  • 27:50 Barbara and Dave commiserate over not being able to attend Basel this year.
  • 31:10 Barbara asks … what would happen if our current social media platforms suddenly went away? Dave bemoans a system where people’s importance is judged by how many social media followers they have. “You know first-hand, there are a ton of people out there who 2-, 3-, or 400,000 followers … half of them are bots.” He concludes, “We have to be very careful of how much value we place on this avenue and on this platform. And everything has a shelf life.”
  • 37:10 Dave selects one jewelry industry person and one watch industry person, alive or dead, he’d want to have dinner with. For jewelry, he picks Frederick Kunz, the famed minerologist who sourced gems for Tiffany at the turn of the century. And for watches, legendary executive Jean Claude Biver.
  • 40:35 Who is or was your greatest influence? Dave says his father. “I never wanted to join the family business. He never wanted me in the family business, to be honest with you. So it’s kind of funny how things worked out.” His biggest fan? His mom.
  • 43:10 His biggest morning needs? Coffee and meditation … the latter before the former.
  • 43:50 Favorite trade show? Tucson. He calls it “fun, laid-back, and color-centric.” And he also gives a shout-out to AGS Conclave.
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